#Spinning

2022-11-03

Oerlikon with strong third-quarter results

The Oerlikon Group once again delivered very good figures in both the 9-month report and for the 3rd quarter. Although the Group's order intake declined slightly, sales and operating EBITDA increased significantly. And the outlook was also corrected slightly upwards, so that Oerlikon is expected to close the financial year successfully. The Polymer Processing Solutions division in particular delivered strong figures.

Group sales increased by 7% year-over-year, 12.5% FX adjusted, and operational EBITDA grew by 8% in Q3.

Polymer Processing Solutions achieved 6% sales growth, 12.3% FX adjusted, and 17% operational EBITDA growth in the third quarter. Q3 orders -16.8%, -12.8% FX adjusted. Year-to-date orders +12% and sales +21%.

Surface Solutions increased sales by 7%, 12.6% FX adjusted in Q3. Operational EBITDA margin transitorily impacted by product mix and higher energy costs.

2022 Group Guidance updated: Oerlikon expects sales >CHF 2.9 billion and operational EBITDA margin of 17.0–17.5%.

Q3 operational EBIT was CHF 72 million, or 9.8% of sales (Q3 2021: CHF 61 million; 8.7%). The margin improvements are attributed to higher sales and the benefits of cost actions executed by the Group.

Key figures for the Oerlikon Group as of September 30, 2022 (in CHF million)

1) For the reconciliation of operational and unadjusted figures, please see table I and II of this media release.

“Our teams have executed extremely well in the first nine months of the year against a clearly more difficult macroeconomic environment. Leading indicators signal an upcoming downturn, however, the timing and scope are difficult to predict. We are already implementing measures to mitigate potential impacts, and remain confident in our mid-term strategy,” said Michael Suess, Executive Chairman, Oerlikon Group.

“Based on our year-to-date performance, we are now expecting Group sales to exceed CHF 2.9 billion and the operational EBITDA margin to be between 17.0% and 17.5% for the full year,” added Suess.

Robust Q3 2022 Performance

Group order intake decreased by 8.5% to CHF 764 million, attributed to Polymer Processing Solutions’ record order intake in Q3 2021. Sales increased by 6.7% to CHF 742 million. At constant exchange rates, Group sales increased by 12.5%.

Operational EBITDA for the third quarter improved by 7.6% to CHF 126 million, and the operational EBITDA margin improved by 20 basis points to 17.0%. Q3 operational EBIT was CHF 72 million, or 9.8% of sales (Q3 2021: CHF 61 million; 8.7%). The margin improvements are attributed to higher sales and the benefits of cost actions executed by the Group.

Group Q3 unadjusted EBITDA was CHF 126 million, or 16.9% of sales (Q3 2021: CHF 115 million, 16.6%), and EBIT was CHF 73 million, or 9.8% (Q3 2021: CHF 58 million, 8.3%). The reconciliation of the operational and unadjusted figures can be seen in the tables below.

Table I: Reconciliation of Q3 2022 and 9M 2022 operational EBITDA and EBITDA1

Table II: Reconciliation of Q3 2022 and 9M 2022 operational EBIT and EBIT1

1) All amounts (including totals and subtotals) have been rounded according to normal commercial practice. Thus, an addition of the figures presented can result in rounding differences.

2022 Group Guidance updated

For the full year, Oerlikon expects sales to exceed CHF 2.9 billion (previously around CHF 2.9 billion) and the operational EBITDA margin to be between 17.0 and 17.5% (previously around 17.5%).

Division Overview

Surface Solutions division

Key figures for the Surface Solutions division as of September 30, 2022 (in CHF million)

Despite softening industrial activity, Surface Solutions increased order intake by 4.2% to CHF 346 million and sales by 7.4% to CHF 347 million. The higher sales were attributed to recovery in aerospace and in automotive, the latter driven by gradually easing of the supply-chain shortages.

The Q3 operational EBITDA margin decreased by 140 basis points to 16.8%, reflecting product mix effects and higher energy costs. Operational EBIT was CHF 22 million, or 6.4% of sales (Q3 2021: CHF 19 million, 6.0%). The division’s unadjusted Q3 EBITDA was CHF 59 million or 16.9% of sales (Q3 2021: CHF 58 million, 18.0%). EBIT was CHF 23 million, or 6.5% of sales (Q3 2021: CHF 18 million, or 5.5%).

Polymer Processing Solutions division

Key figures for the Polymer Processing Solutions division as of September 30, 2022 (in CHF million)

Polymer Processing Solutions delivered another quarter of robust results. Sales increased by 6.1% to CHF 395 million. Order intake was sustained at a high level at CHF 418 million. Compared to the prior year, order intake was lower due to the record level of order intake in Q3 2021.

Q3 operational EBITDA improved by 17.4% to CHF 65 million. The operational EBITDA margin of 16.4% was 160 basis points higher year-over-year, due to improved operating leverage and cost control. Operational EBIT was CHF 51 million or 12.9% of sales (Q3 2021: CHF 40 million, 10.9%). The division’s unadjusted Q3 EBITDA was CHF 65 million, or 16.4% of sales (Q3 2021: CHF 52 million, 13.9%), and EBIT was CHF 51 million or 12.8% of sales (Q3 2021: CHF 37 million, 9.9%).

Oerlikon Manmade Fibers Solutions hosted successful Technology Day 2025 in India

Oerlikon Manmade Fibers Solutions recently hosted its highly anticipated Innovation and Technology Day at the Deltin Hotel in Daman by end of January 2025. The event attracted over 300 participants, including industry experts, partners, and stakeholders, who gathered to explore the latest advancements and trends in the manmade fibers industry in India.

Oerlikon reports third quarter 2024 results, highlights strong execution in a challenging market landscape

In the third quarter of 2024, Oerlikon reported a stable operational Group EBITDA margin, despite challenging market conditions, thanks to a focus on pricing, cost management, and efficiency across both divisions. Group order intake saw a 4% year-over-year decline at constant FX, attributed to temporary market softness in Surface Solutions, while orders in Polymer Processing Solutions showed signs of stabilization.

EVENEXT & BURSTMATIC II to headline Mesdan S.p.A. presentation at ITM 2026

MESDAN S.p.A. will once again participate in ITM 2026, Turkey’s most important textile trade fair. The Italy-based leading manufacturer of yarn joining solutions and textile testing equipment,will be exhibiting at the booth of their local agent for the spinning, SARTEKS MAKINA at Hall 7, Stand 701A.

BB Engineering unveils new, patented “Val-uePack” spin pack at ITM

At the upcoming ITM in Istanbul, taking place June 9–13 at the Tüyap Fair Convention and Congress Center in Hall 7, Booth 702B, BB Engineering will once again be represented at a joint booth with its parent company, Barmag, and its representative, Tekstil Servis. The German machine manufacturer will show-case its expertise in man-made fiber and recycling technology, presenting its entire product portfolio, which includes compo-nents such as extruders and filters, as well as complete sys-tems for spinning synthetic fibers, air-texturing, and PET recy-cling.

FET’s revolutionary gel spinning system wins Techtextil Innovation Award

FET has received the prestigious Techtextil Innovation Award 2026 in the New Production Technology category. The Techtextil Innovation Award honours outstanding ideas in textile technology, sustainability, AI and the creation of technical textiles, selected by an international jury of experts. Ranging from new materials to new production technologies, this award recognises progressive ideas that are driving forces for numerous industries, such as automotive, medical and construction.

Mimaki ‘Powers Possibilities’ with a market-diverse application and printer line-up at FESPA 2026

Mimaki Europe, a leading manufacturer of industrial inkjet printers and cutting plotters, is bringing its “Print Different - Powering Possibilities” theme to life at FESPA Global Print Expo 2026 (Fira de Barcelona, 19-22 May 2026), demonstrating how digital printing technology can turn ideas into high-value applications and new business opportunities.

From advanced fibres to eco‑focused yarns: Yarn Expo Autumn 2026 set to welcome global industry to Shanghai

From 25 – 27 August, Yarn Expo Autumn 2026 will return to the National Exhibition and Convention Center (Shanghai) to reinforce its role as a key meeting point for the global yarn and fibre industry. With over 22,000 visitors, the previous edition gathered nearly 580 leading exhibitors from 16 countries and regions, showcasing advanced developments and creative applications that support innovative, sustainable textile design. The upcoming edition will not only present an extensive range of fibre and yarn products, but will also feature a comprehensive fringe programme, including industry forums and trend display areas, providing innovative upstream enterprises with a stage to introduce next‑generation materials and sustainable concepts.

Monforts sees growing potential for technical textiles in Türkiye

For many years now, Türkiye has been one of the most important markets for textile finishing, coating and continuous dyeing equipment, making ITM 2026 from June 9-13 a key event for Germany’s Monforts. At the Istanbul exhibition at stand 1117D in Hall 11, the company will put the emphasis on its machines which continue to lead the field in conventional dyeing and finishing, and also highlight the strong opportunities for Turkish textile manufacturers in the growing field of technical textiles.